Regulation

Federal Reserve policymaker Charles Evans, president of the Chicago Federal Reserve Bank, said in a speech Friday that the pace of interest rate increases is what really matters, not the precise timing of when they begin.

The long-running debate about whether the Federal Reserve should adjust interest rates to deflate risky financial market bubbles was on full display Friday at a conference sponsored by the Boston Fed, as was the rift among individual policymakers on the subject.

New York Fed president William Dudley has downplayed widespread concerns about bond market liquidity, saying instead that the rise of high-frequency trading probably plays a bigger role in any changes.

Fund managers are rethinking their disclosures in the aftermath of the Chinese market meltdown, adding new warnings to China-related investment products in a bid to reduce their legal liability in cases of heavy-handed regulatory intervention.

The Congressional Joint Committee on Taxation has released an estimate of what ending the carried interest tax structure paid by many private equity and alternative investment fund managers would raise in revenue.

Keith DiamondFATCA is now a way of life for those in the financial industry and most professionals are familiar with its requirements. However, as Keith Diamond of Kaufman Rossin Fund Services explains, the first year of FATCA compliance has highlighted eight common pitfalls hedge funds and investment managers should avoid.

From the current issue of

MODERN TRADER explores the effect of a potential trade war on U.S. equity markets. Will it end the bull run or will low interest rates allow U.S. equities to maintain its momentum? Read on. We also attempt to identify the key drivers of active equity hedge funds.